Plains All American Pipeline (NYSE: PAA) was lowered by ValuEngine's investment analysts from "hold" to "sell" in a note issued to investors on Thursday 1 November.
Several other stock analysts also released PAA reports. Zacks Investment Research received Plains All American Pipeline from a "buy-in" rating and set a target price of $ 27.00 for the company in a report Thursday, July 12. BMO Capital Markets confirmed its buy-in rating and on Friday, 13 July, it released a target price of US $ 27.00 for the shares of Plains All American Pipeline. The Bank of America lifted Plains All American Pipeline from a "neutral" rating to "buy" and set a price target of $ 23.00 for the company in a report Wednesday, July 18. Seaport Global Securities began covering the reports of Plains All American Pipeline in a report Friday, July 27. It sets a "buy" rating and a target of $ 28 for the company. Eventually Stifel Nicolaus raised its price target to Plains All American Pipeline from $ 24.00 to $ 26.00 and gave the company a "hold" rating in a report Wednesday, August 8. Two research analysts rated a rating with a rating, five of them rated, and twelve valued purchasing shares of the company. The company currently has a consensus rating of "Buy" and an average target price of US $ 27.88.
Shares of PAA shares traded on Thursday at $ 0.13 when they attacked $ 22.03. The company's shares had a volume of trades of 2,431,490 shares compared to an average of 2,806,040 shares. The company has a market limit of $ 16.08 billion, a PE ratio of 23.44, a P / E / G ratio of 1.55 and a beta of 0.91. The company has a fast ratio of 0.71, a common ratio of 0.89 and a ratio of debt to equity of 1.01. Plains All American Pipeline has a 52-week minimum of $ 18.38 and a 52-week high of $ 27.70.
Plains All American Pipeline (NYSE: PAA) released its latest earnings on Tuesday 6 November. The quarterly oil company reported 0.43 EPS per share, surpassing a consensus estimate of US $ 0.37 by US $ 0.06. The company had revenues of $ 8.79 billion over the quarter, compared to analysts' estimates of $ 7.82 billion. Plains All American Pipeline achieved a return of 14.72% and a net profit of 3.92%. Plains All quarterly sales of American Pipeline increased year-on-year by 49.7%. In the same period of the previous year, the company posted earnings of $ 0.21 per share. On average, research analysts expect Plains All American Pipeline to charge 1.84 earnings per share for the current year.
In news releases of VP, Chris Herbold sold 10,591 stock shares on Wednesday, August 29th. The shares were sold at an average price of $ 26.35, with a total value of US $ 279,072.85. After the sale, the Vice President currently has 34,227 shares of the Company at the amount of 901,881.45 USD. The sale was published in a document filed with the Securities and Exchange Commission, which is available on this link. The owners own 1.10% of the company's shares.
Hedge funds have recently changed their share of assets. Whittier Trust Co. of Nevada Inc. bought a new stake in Plains All American Pipeline during the second quarter, worth approximately $ 270,000. Centaurus Financial Inc. bought a new stake in Plains All American Pipeline during the second quarter, worth approximately $ 109,000. Pathstone Family Office LLC purchased a new stake in Plains All American Pipeline in the third quarter of approximately $ 131,000. Exane Derivatives increased its position in Plains All American Pipeline by 14,250% during the third quarter. Exane Derivates now owns 5,740 shares of a joint stock company, which was valued at $ 142,000 after it bought another 5700 shares in the last quarter. Stuart Chaussee & Associates Inc. eventually purchased a new stake in Plains All American Pipeline in the second quarter of approximately $ 162,000. Institutional investors own 45.83% of the company's shares.
Plains All American Pipeline Company Profile
Plains All American Pipeline, through its subsidiaries, deals with the transportation, storage, termination and marketing of oil, natural gas (NGL) and natural gas in the United States and Canada. The company operates in three segments: transport, equipment, supply and logistics.
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